June 25, 2020

Elizabeth Warren demands answers from private equity industry on coronavirus response, lobbying

Sen. Elizabeth Warren has written to the CEO of private equity lobbying group the American Investment Council demanding more information about the organization’s efforts related to the federal government’s multitrillion-dollar coronavirus relief law.

In a letter to Andrew Maloney, which was delivered Wednesday and obtained by CNBC, Warren demanded information about the group’s communication with the Treasury Department and White House officials, including Jared Kushner, whose family real estate business has financial ties to private equity firm Apollo Global Management.

She also questioned how the industry plans to protect the employees of the companies in which they invest.

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Read the full article on the CNBC website here. 


By:  Lauren Hirsch
Source: CNBC